The Council of Mortgage Lenders, which speaKs for all the major lenders, has said: "The failure to index stamp duty thresholds in line with house price inflation means that a growing proportion of transactions become liable for stamp duty, and an increasing number are captured in higher bands.

With a change in the chargeable amount for each financial year, along with a major shift in some of the relief thresholds for 2011/12, business rate charges are set to increase for many and some vacant properties will become liable for business rates for the first time in recent years.

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